International Insurance Efforts Stress Mitigation: GAO

Law360, New York (January 21, 2009, 12:00 AM EST) -- Over the past decade, many countries have shifted their focus from disaster response and recovery to mitigation — actions taken before or after a natural hazard event to reduce the long-term risks to life and property, according to a report released Wednesday by the U.S. Government Accountability Office.

At the behest of three members of the U.S. House of Representatives seeking constructive solutions for the U.S. insurance system, the government watchdog studied mitigation and insurance policies in six countries — Australia, France, Germany, Japan, New Zealand...
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